Question
Download Solution PDFThe marked price of an article is Rs. 10,927. Due festive season, a certain percentage of discount is declared. Raju buys an article at a reduced price and sells it at Rs. 10,927, and makes a profit of 11.5%. What was the percentage discount offered?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The marked price of an article is Rs. 10,927.
Concept used:
Selling price = Marked price × (100 - Discount)%
Selling price = Cost price × (100 + profit)%
Calculation:
According to the question,
Cost price of Raju × (111.5)/100 = 10927
⇒ Cost price of Raju = 10927 × (100/111.5)
⇒ Cost price of Raju = 9800
Discount = 10927 - 9800
⇒ 1127
Discount% = (1127/10927) × 100
⇒ 10.31 ≈ 10.3%
∴ The percentage discount offered was 10.3%.
Last updated on Jul 19, 2025
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